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2024 Interim Report
ANNOUNCEMENT ON DISTRIBUTION OF DIVIDENDS FOR OFFSHORE PREFERENCE SHARES
2024 INTERIM RESULTS ANNOUNCEMENT
NOTIFICATION OF BOARD MEETING
China Cinda (01359.HK) is expected to see a 40% to 50% YoY drop in net profit for the first half of the year according to 'Yingjing'.
China Cinda (01359.HK) issued a profit warning, expecting that the net profit attributable to the company's shareholders for the six months ended June 30, 2024 will decrease by about 40% to 50% compared to the same period in 2023. The company explained that the decline in net profit was mainly due to the impact of changes in the market environment, and the decrease in income from non-performing debt assets measured at amortized cost; and the company increased the provision for credit risks due to changes in the macroeconomic situation, in response to the pressure on the quality of some financial assets held by the company measured at amortized cost. (js/u)~
PROFIT WARNING
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